Malaysia's palm oil inventories for Oct fell 6.4% MoM to below the 2m mt level, thanks to the robust exports while production experienced an unusual decline. The tighter inventory level pushed the CPO futures to the highest level since June 2022. At the point of writing, CPO futures jumped RM51/mt to RM5,152/mt. YTD, averaging at RM4,087/mt. In view of the stronger-than-expected CPO performance, we are currently reviewing our CPO price forecast. Maintain Neutral on the sector. Our top picks are Sarawak Plantation and Ta Ann.
Source: PublicInvest Research - 12 Nov 2024
Chart | Stock Name | Last | Change | Volume |
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2024-12-01
TAANN2024-11-29
IOICORP2024-11-28
IOICORP2024-11-27
IOICORP2024-11-27
IOICORP2024-11-27
IOICORP2024-11-27
IOICORP2024-11-27
IOICORP2024-11-27
IOICORP2024-11-27
IOICORP2024-11-27
IOICORP2024-11-27
TAANN2024-11-26
IOICORP2024-11-26
TAANN2024-11-26
TAANN2024-11-26
TAANN2024-11-26
TAANN2024-11-25
IOICORP2024-11-25
SWKPLNT2024-11-25
SWKPLNT2024-11-25
SWKPLNT2024-11-25
SWKPLNT2024-11-25
SWKPLNT2024-11-25
TAANN2024-11-22
IOICORP2024-11-22
SWKPLNT2024-11-22
SWKPLNT2024-11-22
SWKPLNT2024-11-22
SWKPLNT2024-11-20
IOICORP2024-11-19
TAANNCreated by PublicInvest | Nov 29, 2024